GUADALAJARA, Mexico--(BUSINESS WIRE)--Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE:PAC) (BMV:GAP) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of October 2016, compared to traffic figures for October 2015.
During October 2016, total terminal passengers increased 18.6% in the Company’s 13 airports, compared to the same period of the previous year. Domestic passenger traffic increased by 22.8%, while international passenger traffic increased by 11.3%.
Events for the Period:
- Seats and Load Factor: In October 2016, GAP registered a 16.4% increase in the number of seats available compared to October 2015. Load factor for the month rose by 1.5 percentage point, from 76.6% in October 2015 to 78.1% in October 2016.
- New Routes: Guanajuato to Cancun by VivaAerobus and Hermosillo to Tucson by Aeromar.
- Domestic Market: The Tijuana airport continues to be GAP’s main generator of growth for the domestic market. In October, Tijuana contributed with 37% in terms of domestic growth, followed by Guadalajara with 32% and Los Cabos with 7%. In percentage terms, VivaAerobus reports the highest domestic growth within GAP, reaching a traffic increase of 77% in October. In absolute values, Volaris has the highest number of additional domestic passengers, reporting 146 thousand new passengers compared to October 2015.
- International Market: In October, international traffic growth was mainly driven by the visiting friends and relatives (VFR) markets from the Guadalajara airport. It is important to highlight the traffic increases in the routes of Los Angeles with 13 thousand passengers, Chicago O ‘Hare with 6 thousand passengers, and San Jose, California with 5 thousand passengers during the month. Meanwhile, the Vallarta - Nayarit was the beach destination that experienced the highest international traffic increase, rising by 19.8%, or by 24 thousand additional passengers. The most significant growth in Puerto Vallarta was from the Denver, Houston Hobby and Dallas Fort Worth markets, which jointly contributed a total of 19 thousand passengers. Finally, Los Cabos and Montego Bay continued the steady growth rate that they have been experiencing throughout the year.
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake of MBJ Airports Limited, a company operating the Sangster International Airport in Montego Bay, Jamaica.
This press release may contain forward-looking statements. These statements are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01-800-563-0047. The web site is http://www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
For more information please visit www.aeropuertosgap.com.mx.
